Save Money on Palm Bay Florida Auto Insurance Rates in Five Minutes
Overpriced auto insurance can overdraw your savings account and put a big crunch on your finances. Shopping your coverage around is a smart way to make sure you’re not throwing money away.
There are many auto insurance companies to pick from, and even though it’s nice to be able to choose, having more car insurance companies makes it harder to adequately compare rates.
You should take the time to do rate comparisons at least once a year because insurance rates change quite often. Even if you think you had the best deal last year the chances are good that you can find a lower rate today. You can find a lot of wrong information about auto insurance on the internet, so by reading this article, you’re going to learn the best ways to quit paying high auto insurance rates.
Shopping for cheaper protection in Palm Bay is not that difficult. In a nutshell, every vehicle owner who shops for auto insurance should be able to reduce their rates. But Florida drivers can benefit from knowing the way insurance companies determine prices because it can help you find the best coverage.
Finding Auto Insurance in Palm Bay, FL
There are several ways of comparing rates from different in Palm Bay, FLinsurance companies. One of the best ways to find competitive insurance rates consists of shopping online. This can be done in a couple of different ways.
- One of the best ways consumers can make multiple comparisons would be an industry-wide quote request form click here to open form in new window. This method keeps you from doing repetitive form submissions to each individual auto insurance company. Taking the time to complete one form gets you price quotes from many national carriers.
- A more time consuming way to get comparison quotes is to take the time to go to the website of each company to request a price quote. For sake of this example, we’ll pretend you want to compare Liberty Mutual, Safeco and Farmers. You would have to spend time on each company’s site to enter your coverage information, and that’s why the first method is more popular. For a list of links to companies insuring cars in Palm Bay, click here.
Whichever method you choose, be sure to compare apples-to-apples information with every price quote. If the quotes have unequal deductibles or liability limits it will be very difficult to make an equal comparison in Palm Bay. Slightly different coverages can mean a large discrepancy in price. And when comparing auto insurance rates, know that comparing a large number of companies gives you a better chance of getting a better price.
Buyer beware of auto insurance advertising tricks
Allstate, GEICO and Progressive regularly use ads in print and on television. All the companies make an identical promise that you can save if you move your policy. How do they all make the same claim? This is how they do it.
All the different companies have a preferred profile for the type of driver they prefer to insure. For instance, a desirable insured might be over the age of 40, has no tickets, and drives less than 7,500 miles a year. A propective insured who meets those qualifications will get very good rates and as a result will probably save when switching.
Potential customers who are not a match for the “perfect” profile will be quoted more money and ends up with the customer not buying. The ad wording is “customers that switch” but not “drivers who get quotes” save that much money. This is how insurance companies can confidently state the savings.
This emphasizes why you need to get as many quotes as possible. It’s not possible to predict which auto insurance company will give you the biggest savings.
Lots of discounts mean lots of savings
Car insurance is not cheap, but discounts can save money and there are some available to cut the cost considerably. A few discounts will automatically apply when you get a quote, but a few need to be manually applied in order for you to get them.
- Safe Driver Discount – Drivers who don’t get into accidents may receive a discount up to 45% less than drivers with accident claims.
- Clubs and Organizations – Being a member of certain professional organizations may earn a discount on auto insurance.
- Safety Course Discount – Taking a defensive driving course could cut 5% off your bill and easily recoup the cost of the course.
- Government Employees – Employees or retirees of the government can save as much as 8% with select insurance companies.
- Homeowners Pay Less – Owning a home in Palm Bay may trigger a auto insurance policy discount due to the fact that maintaining a home is proof that your finances are in order.
- Fewer Miles Equal More Savings – Keeping the miles down could qualify for better rates on cars that stay parked.
- Lower Rates for Military – Being on active duty in the military could mean lower rates.
As a disclaimer on discounts, some of the credits will not apply the the whole policy. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like it’s possible to get free car insurance, companies wouldn’t make money that way. Any amount of discount will reduce your premiums.
For a list of insurers with the best auto insurance discounts in Palm Bay, click here.
More information can be read on the website for the Florida Office of Insurance Regulation. Click here for link. Florida drivers can get help finding coverage, read industry bulletins, find a variety of consumer forms, and read consumer alerts.
Affordable insurance is out there
When you buy insurance online, you should never buy less coverage just to save a little money. In many cases, someone sacrificed collision coverage and found out when filing a claim that the small savings ended up costing them much more. Your focus should be to buy a smart amount of coverage at a price you can afford.
We’ve covered many ideas to get a better price on auto insurance. The key thing to remember is the more you quote, the better chance you’ll have of finding lower rates. You may be surprised to find that the best price on auto insurance is with a smaller regional carrier. They may cover specific market segments cheaper than the large multi-state companies such as Allstate and Progressive.